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Thursday, July 15, 2010

What do you think of $500 off your current mortgage payment? If you think this is a big relief for your monthly payments, especially if you are currently unemployed, then you are reading the right article. This is all about the Citigroup loan modification, a program that can reduce your monthly payment slashing off $500 from your loan.

Click here to get loan modification help today!

The program is called the Homeowner Unemployment Assist Program, available to those who meet the qualifications based on the following:
- House on mortgage is a primary and permanent residence
- Be 60 days or more delinquent on payments
- Having a first mortgage owned and serviced by Citigroup
- Job loss due brought about by the recession

The Citigroup loan alteration is a temporary solution to financial crisis affecting the payments of monthly mortgage. The lowered or modified payments are good for 3 months, and other fees and charges are waived. After 3 months, when the homeowner has a new job, then the regular payments will resume. Alternatively, the borrower can apply for a long-term loan modification. If however, after 3 months the homeowner is still unemployed, the mortgage plan will be reviewed to consider the eligibility of a long-term help. Of course, the homeowner must be able to meet Citigroup's criteria for its loan alteration program.

Citigroup also has a Homeowners Assistance Program that offers help to those who may not exactly be delinquent in their payments but are besieged with their financial obligations. This alternative Citigroup loan modification program offers home

retention solutions to qualified borrowers.

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primerica division of citigroup reviw

Company Background:

Primerica Division of Citigroup,was founded in 1977 by Arthur L. Williams, Jr. as A.L. Williams & Associates. The company established a niche market by marketing the concept of "Buy Term and Invest the Difference." There goal was to encourage middle-income families to buy affordable term life insurance so they could have more money to invest in their family's future.

In 1991, Primerica Corporation changed the name of A.L. Williams to Primerica Financial Services, and in 1998, Travelers Group and banking giant Citicorp merged creating Citigroup. Primerica and its affiliates continued to operate as subsidiaries of Citigroup, although the Travelers insurance business was spun off in 2002.

Products:

Term Life Insurance, Auto Insurance, Homeowners Insurance, Mutual Funds, second-mortgage and personal loans

Business Opportunity and Compensation Plan:

As the Primerica Division of Citigroup representative, the income level that they achieve varies based upon the licenses obtained, and the amount of commission-based business written in the field, as well as the size and activity of the agent's organization. The time that it takes to get trained and licensed for Primerica Division of Citigroup products may prevent the kind of fast organizational growth that has taken place with many network marketing companies; however, Primerica attracts more serious networkers and more people with professional backgrounds.

Entering Primerica costs $199, which is reimbursable upon passing a licensing exam, since life insurance licensing is a required element of the business opportunity. The commission on a sale of term life insurance is 25%. The representative who closes that sale gets the bulk of the commission but has to split the rest among people in their upline. As with any business structured around multi-level marketing, you are paid commissions based on your sales level.

If you're seeking an internet business, you won't find it in Primerica, yet. Those looking for complete details will need to contact a Primerica Personal Financial Analyst directly for a one-on-one presentation, which is usually conducted in-home or in-office.

If you're seriously considering a Primerica business opportunity, take inventory of your "warm market", family and friends, since Primerica Division of Citigroup recommends that these people become your first prospects when trying to build your business. Primerica Division of Citigroup recommends that you have 8 new kitchen table appointments per week to grow your business.